European Stocks Drop as Boehner Rejects Clean Debt Limit
This article is for subscribers only.
European stocks dropped to their lowest level in four weeks as U.S. House Speaker John Boehner ruled out raising the federal government’s debt limit without setting preconditions.
Burberry Group Plc retreated 1.2 percent as its chief executive officer told a newspaper that the slowdown in Chinese luxury-goods sales may continue. SAP AG lost 2.2 percent, contributing the most to a decline by a gauge of technology stocks, after a report that the German software maker has held talks with BlackBerry Ltd. Solvay SA climbed 1.2 percent after agreeing to buy U.S. chemicals maker Chemlogics Group LLC.